India's Sustainable Tourism Market To Touch $216 Mn

New Delhi: India's sustainable tourism market is set to grow to $216 million in a decade from a modest $37 million at present, MakeMyTrip Founder and Chairman Deep Kalra said on Wednesday.

Addressing a travel conclave organised by the MakeMyTrip Foundation, Kalra highlighted the enormous potential presented by the sustainable tourism growth opportunity. "India's sustainable tourism market is still modest in size. It's about 37 million in dollar terms. Today should be in crores ... about Rs320 crores right now, but growing to $216 million in 10 years time, will be among the fastest growing markets," he observed.

The MakeMyTrip founder and chairman further shared that in terms of sustainability, today, only 1 to 2 per cent of all tourism in India can be called sustainable, and that's a stark contrast from international numbers in terms of enablers.

He informed that globally, sustainable tourism is set to grow to a whopping $11.4 trillion in ten years time, from about $3.12 trillion in the current financial year. "We're talking about 2.73 trillion last year in dollar terms, to 3.12 trillion in the year that we are currently just the financial year. But looking forward in 10 years time, expect it to go to 11.4 trillion, which will be about 10 per cent of all sustainable travel, of all travel," Kalra said on the global sustainable tourism growth scenario.